Vi (Vodafone Idea) has shared its plans to launch 5G service in India within six to seven months. CEO Akshay Mundra revealed that the telco is hoping to gain better clarity on the monetization issue of next-generation broadband spectrum and the company’s external fundraising status before working on the rollout of 5G networks. Recently, Vi was served a show cause notice by the Department of Telecommunications (DoT) for failing to meet the minimum rollout obligations of 5G spectrum.
One from Financial Express Report According to , Mundra talked about the 5G rollout plan during the company’s quarterly earnings call for October-December. He highlighted that currently, there is no monetization around 5G in the country. It was aimed at Reliance Jio and Bharti Airtel, both of which have launched 5G services in multiple circles but have not yet introduced any specific 5G tariff plan for the service. Vi aims to get a monetization plan in place by the time Spectrum launches.
He also said that the company’s raising external funds would be a factor in launching the service. However, according to the report, no further information has been given about it. Various sources had earlier reported that the cash-strapped telecom operator has been trying to raise funds for some time. “Once the funding plans come into place, we will need about 6-7 months to roll out 5G, and…by then monetization will be more pronounced than it is today,” Mundra said. Our strategy will be based on that.”
Vi has also failed to meet the minimum rollout obligations placed by DoT after the 5G spectrum auction. There was an obligation to commercially launch 5G service in at least one metro and one non-metro circle within a year of distribution of spectrum, which fell in July 2022. A different financial express Report Recently revealed that the agency has sent a show cause notice to the telecom operator and it may be fined.